This is part of a
broader strategy to ensure resource security, including mineral supplies.
Additionally, the Mines Ministry is intensifying cooperation with three Asian
countries—South Korea, Japan, and Israel—focusing on geology, exploration,
and sharing expertise in processing critical minerals. Activities have also picked up with the Ministry exploring the
possibility of tapping into graphite resources in the neighbourhood, namely
Sri Lanka; and coking coal and copper in the Central Asian nation of
Mongolia, senior officials aware of the discussions told businessline. India’s Ministry
of Mines is forging ahead with plans to establish international partnerships
focused on the transfer of technology and expertise in offshore mineral
processing. A draft or
blueprint of these Memorandum of Understandings (MoU) is currently being
finalised thereby setting up the stage for engagement with nations that are
pioneers in this field. Some of the
countries India is keen to tap for getting technical know-how include African
nations of Namibia (known for deep sea diamond mining) and South Africa; and
European nations like, Netherlands, Sweden and France. “The blueprint of these MoUs – relating to tech and knowledge transfer
for off-shore minerals -is being prepared. Once finalised, we will take it up
with countries that have made progress in these segments,” the official said. Lithium remains the cornerstone of India’s overseas critical minerals
quest. Called white gold,
the non-ferrous metal (lithium) along with copper, nickel,
cobalt, and rare earth elements form the key components for a variety of
applications and energy storage solutions that range from mobile phones
to electric vehicles, solar panels, semiconductors, and wind
turbines. They find varied and detailed usage
in defence sector too. The countries with
which there are existing MoUs for lithium include Australia, where due
diligence activities for blocks are underway. In South American
nations like Argentina, India has already acquired and started non-invasive
exploration across five lithium blocks; in Peru – bilateral agreements are
being pursued for supply of lithium among other resources like copper; for
Chile – which has lithium reserves – there is interest to tap the reserve and
also obtaining processing knowhow; with Colombia too, there is an MoU in
place. For Bolivia –
where industrial scale production of lithium is yet to start, India was
invited to be a partner in the lithium sector in 2019 (by the Bolivian
government). India recently announced
the decision to set up an embassy in the South American nation and part of
the global Lithium Triangle, indicating a major shift in diplomatic strategy. A second official
said, India is negotiating FTAs with Peru. And the Mines Ministry had
previously suggested including discussion around supply, exploration and
sharing of technical knowhow be taken up in upcoming FTAs. At least seven
African nations – Zimbabwe, Zambia, Morocco, Mali, Mozambique, Malawi and
Cote D’ Ivorie - are being tapped for critical minerals including copper,
cobalt, lithium and others. Over the last one year, India has signed MoUs for
collaboration in the field of geology and mineral resources. In some of the
African countries, Indian companies like Vedanta (in Zambia) have a presence
in activities such as copper mining, coal mining in Mozambique and so on. “New reserves are being discovered in some African nations and they
have approached us for partnering them in mapping activities, investments
through Indian companies, etc,” the second official said, adding that the Ministry will carry out
hand-holding activities for several Indian companies to tap into these new
countries for critical mineral supplies or investments. |